News

NAI James E. Hanson, the exclusive leasing broker for the former Ballantine Brewery located in the Ironbound district in Newark, reports that it negotiated industrial leases for 16,504 square feet with L. Gambert, LLC, 11,000 square feet with Windsor, and 9,000 square feet with Eli Fashion.

Avison Young was able to secure an early renewal and extension lease at 330 Washington Ave. allowing VGS to stay in the saturated Carlstadt/Rutherford submarket, while also negotiating other terms including a tenant improvement package.

Kinghorn, Driver, Hough & Co. is a Houston-based commercial debt and equity firm, and the acquisition brings two well-known debt and equity groups together to create one of the largest firms in the Houston market.

The $85 million LIBOR floating loan will replace the existing construction loan and provide needed funds for tenant improvements and leasing commissions during lease-up.

There are also reports that the retailer is planning to file for bankruptcy.

The firm has purchased the 211,450-square-foot, Hartford Building in Arlington, VA in an all-cash offer.